Staples, Office Depot track higher

CHICAGO (CBS.MW) -- Shares of office supply retailers Staples and Office Depot enjoyed robust gains Friday after a Goldman Sachs analyst raised ratings on both. In a note to clients, Matthew Fassler gave Office Depot an "outperform/neutral" rating and raised Staples to "outperform." He sees Staples as the "more conservative option of the two," and notes that though Office Depot's earnings visibility is "murky," he sees "acceleration in retail trends off trough levels." At last check, shares of Staples
SPLS
were higher by 73 cents, or 3.8 percent, to $20.05 while Office Depot
ODP, -5.48%
climbed 46 cents, or 3 percent, to $16.23.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.